Asset lock
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An asset lock is a legal clause that prevents the assets of a company from being used for private gain rather than the stated purposes of the organisation.[1]
Asset locks may be incorporated into the formal structure of a "bencom" (a benefit corporation, which is a type of industrial and provident society),[1]community interest company, or charitable organisation.
References
- ^ a b The International Handbook of Social Enterprise Law: Benefit Corporations and Other Purpose-Driven Companies. Springer International Publishing. 2022. pp. 63–65. ISBN 9783031142161. Retrieved 1 December 2025.
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